Last week, I paid $25 for three hours at an NYC parking garage. Others though paid $50 for the same amount of time. We could say that it cost me less. But there is much more to the story. What the Cou…
When It’s Okay To Discriminate
Saying firms can’t refill and resell their cartridges, Lexmark International is fighting for printer cartridge patent protection in the Supreme Court.…
How Time Rich Shoppers Affect Prices
Knowing that shoppers spend different amounts of money and time, stores use price discrimination as purchasing incentives.…
Weekly Roundup: From Less Waste to More Chicken Feet
Ranging from U.S. chicken feet exports to “Hamilton” tickets, our weekly roundup included China worries and price discrimination.…
Weekly Roundup: From Less Waste to More Chicken Feet
Ranging from U.S. chicken feet exports to “Hamilton” tickets, our weekly roundup included China worries and price discrimination.…
The Many Prices of a Hamilton Ticket
Like all monopolists, the people selling “Hamilton” tickets charge different categories of theater goers different prices to maximize their revenue.…
The Problem With Priceless Medical Care
Currently tough to find, rational hospital prices would help hospitals control cost, eliminate price discrimination. improve efficiency and care.…
Using Economics To Deal With Restaurant No-Shows
At one of my favorite restaurants in Nantucket, you can call at any time during the summer to get a 6:00 reservation. But if you want to eat at 7:30 or 9:00, you have to line up outside on that day. A…
Human Capital: The Cost of College
Explaining his proposal to make colleges more “accountable and affordable,” President Obama said we need some criteria to rate schools. Why? Measures that would include tuition, graduation…
Coupon Economics
When Starbucks raised its prices during the beginning of 2010, it lowered the price of a tall regular to $1.70. But, if you wanted a splash of foam, a shot of espresso, or a touch of flavor, the addit…